Corporate Governance

Source: Richard Thornburgh, Former U.S. Attorney General & Martha Raddatz, ABC News, Brookings Institution, May 30, 2008

Former U.S. Attorney General Richard Thornburgh examines today’s corporate culture and finds that, while it is replete with good corporate citizens, we’ve seen a culture of greed and failure to observe basic fiduciary duties in the first part of this decade. Thornburgh argues that the Sarbanes-Oxley regulations do not go far enough in addressing wrongdoing because the problem exceeds our legislative grasp. “What we’re really left with,” he says, “is a failure of corporate management.” Thornburgh says it is time for a system of corporate best practices for good governance.

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